05 LC 21
8073
House
Bill 434
By:
Representatives Beasley-Teague of the
65th,
Mangham of the
94th,
Brooks of the
63rd,
and Murphy of the
120th
A
BILL TO BE ENTITLED
AN ACT
AN ACT
To
amend Article 5 of Chapter 2 of Title 47 of the Official Code of Georgia
Annotated, relating to service creditable toward retirement benefits under the
Employeeś
Retirement System of Georgia, so as to provide that any person eligible to
obtain creditable service for prior service as a temporary full-time employee
may obtain additional creditable service as a temporary full-time or part-time
employee; to provide a method for determining an apportionment of creditable
service for days worked; to provide for application and payment of
contributions; to provide for related matters; to provide conditions for an
effective date and automatic repeal; to repeal conflicting laws; and for other
purposes.
BE
IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA:
SECTION
1.
Article
5 of Chapter 2 of Title 47 of the Official Code of Georgia Annotated, relating
to service creditable toward retirement benefits under the
Employeeś
Retirement System of Georgia, is amended by inserting at the end thereof a new
Code section to read as follows:
"47-2-101.
(a)
Any member of the retirement system eligible to obtain creditable service for
prior service as a temporary full-time employee pursuant to the provisions of
Code Section 47-2-99 may obtain up to 12 additional months of creditable service
for prior service as a temporary full-time or part-time employee under the
conditions contained in this Code section; provided, however, that no such
credit shall be granted for any period which was covered under Chapter 22 of
this title, relating to the Georgia Defined Contribution Plan. No creditable
service may be obtained pursuant to this Code section for any period of service
for which creditable service has been or may be obtained in any other state or
local public retirement system.
(b)
For purposes of this Code section, one month of creditable service shall be
granted for each calendar month in which the employee worked not less than 20
days. Any two or more calendar months in which the employee worked less than 20
days may be combined to aggregate the number of days worked, and one month of
creditable service shall be granted for any such combination of months
containing 20 days or more.
(c)
Any person desiring to obtain the creditable service authorized by subsection
(a) of this Code section shall make application in such manner as the board of
trustees deems proper; tender to the board of trustees such proof of the prior
employment as the board shall deem necessary; and pay to the board of trustees
the employer and employee contributions as would have been paid if the member
had been a member at the time of performing such prior service, together with
regular interest thereon compounded annually to the date of
payment.
(d)
Application for creditable service authorized by subsection (a) of this Code
section must be received by the board of trustees not later than December 31,
2006."
SECTION
2.
This
Act shall become effective on July 1, 2006, only if it is determined to have
been concurrently funded as provided in Chapter 20 of Title 47 of the Official
Code of Georgia Annotated, the "Public Retirement Systems Standards Law";
otherwise, this Act shall not become effective and shall be automatically
repealed in its entirety on July 1, 2006, as required by subsection (a) of Code
Section 47-20-50.
SECTION
3.
All
laws and parts of laws in conflict with this Act are repealed.